DALLAS, May 17, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Tape Solutions Inc., to Copeland Tape, LLC, an affiliate of MarTeck. The acquisition closed February 14, 2017. Details were not disclosed.
Tape Solutions, located in Austin, Texas, is a wholesale distributor of adhesive tape and packaging supplies. Founded by Kim Lawrence, a.k.a. "The Tape Lady," the company offers a wide variety of pressure-sensitive and water-activated tapes for multiple industries. Other products include plastic bags, protective packaging, stretch wrap, packing list envelopes, strapping and banding materials, as well as assorted sealing and packing tools and accessories.
MarTeck, along with its affiliated companies, manufactures and distributes labels and various other supplies for customers in the retail industry. MarTeck President Robert Copeland was interested in growing his company, located in Indianapolis, Indiana, through acquisition with the goal of diversifying product offerings and customer base.
Generational Equity Executive Managing Director Ed Weber established the relationship with Tape Solutions, and Generational Equity Managing Director Michael Goss's team, headed by M&A Advisor Celeste Garner and supported by Generational Equity Vice President Luan Ly, successfully closed the deal.
"It was quite clear that MarTeck saw the benefit of adding our client's business to their growing portfolio of companies," said Garner. "It was a pleasure to work with both buyer and seller. I was impressed by the positive attitude and cooperation of both parties as these are key elements in these transactions."
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com and http://www.gecpress.com.
For more information:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/generational-equity-announces-sale-of-tape-solutions-to-marteck-300458325.html
SOURCE Generational Equity